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HSBC seeks to issue credit cards in China by end of the year

Move is part of plan for full-scale, digitally-driven retail banking and wealth management business in Pearl River Delta

As more Chinese move online to pay for goods and services, HSBC is hoping they will use its cards for purchases, thereby luring more customers to its retail bank.

Hong Kong

HSBC Holdings Plc is aiming to roll out its own credit cards in China by the end of the year, as the UK-based lender tries to tap into rising online and mobile spending in the world's second-largest economy.

The bank will initially target customers in theĀ Pearl River...